Grid Metals (TSXV:GRDM) Debt-to-Asset : 0.37 (As of Sep. 2024)

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What is Grid Metals Debt-to-Asset?

Grid Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.46 Mil. Grid Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$1.98 Mil. Grid Metals's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was C$6.65 Mil. Grid Metals's debt to asset for the quarter that ended in Sep. 2024 was 0.37.

Grid Metals Debt-to-Asset Historical Data

The historical data trend for Grid Metals's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Grid Metals Debt-to-Asset Chart

Grid Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.01

0.02

0.03

0.01

0.29

Grid Metals Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.01	0.29	0.38	0.32	0.37

Competitive Comparison of Grid Metals's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, Grid Metals's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Grid Metals's Debt-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Grid Metals's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Grid Metals's Debt-to-Asset falls into.

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Grid Metals Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Grid Metals's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.199	+	2.454)	/	12.79
	=	0.29

Grid Metals's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.462	+	1.977)	/	6.648
	=	0.37

Grid Metals (TSXV:GRDM) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Grid Metals Debt-to-Asset Related Terms

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Grid Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grid Metals Corp (TSXV:GRDM) » Definitions » Debt-to-Asset

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MSMGF:USA

Address

3335 Yonge Street, Suite 304, Toronto, ON, CAN, M5N 2M1

Website

https://www.gridmetalscorp.com

Grid Metals Corp is an exploration and development company focused on both lithium and copper/nickel projects in the Bird River area, approximately 150 km northeast of Winnipeg Manitoba.. The company has a diversified portfolio of properties where it is actively exploring for Nickel-Copper, palladium, and lithium.

Executives

Robin Edward Dunbar	Director, Senior Officer
Patrick Joseph Christopher Murphy	Director
Douglas Andrew Harris	Senior Officer

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